4/A: Sun Communities Executive Corrects Filing to Include Spouse's Stock Grant
SEC Filing Amendment
An amended SEC filing reveals that a Sun Communities executive's spouse received a grant of 275 shares of restricted stock, which was initially omitted from the original filing.
Summary
- Marc Farrugia, an EVP & Chief Admin. Officer at Sun Communities Inc., filed an amendment to a previous Form 4.
- The amendment corrects an omission in the original filing from March 5, 2024, regarding a grant of 275 shares of restricted stock to his spouse.
- These shares are subject to time-based vesting, with 55 shares vesting annually on March 4 from 2025 to 2029.
- The transaction occurred on March 4, 2024, with the shares acquired at a price of $132.13 each.
- Following the reported transaction, the spouse beneficially owns 710 shares indirectly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a previous omission. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and beneficial ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock grant transaction. |
| 03/05/2024 | Date of the original Form 4 filing that omitted the stock grant. |
| 03/22/2024 | Date of the amended Form 4/A filing. |
| 03/04/2025 | First vesting date for 55 shares of the restricted stock. |
| 03/04/2026 | Second vesting date for 55 shares of the restricted stock. |
| 03/04/2027 | Third vesting date for 55 shares of the restricted stock. |
| 03/04/2028 | Fourth vesting date for 55 shares of the restricted stock. |
| 03/04/2029 | Final vesting date for 55 shares of the restricted stock. |
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